Systrade AG

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 8, 2026), Systrade AG reported 11 stock positions worth $149.0 million. Its top holding was Alpha Metallurgical Resource (AMR) at 38.6% of the portfolio, followed by Interactive Brokers Gro Class A (IBKR, 22.5%) and UBS Group AG-Reg (UBS, 16.4%). Compared with Q4 2025, it sold out of 4 and added to 2. The biggest buy was Cresud S.A.-Spons ADR (CRESY, shares +3%) and the biggest sale an exit from Amazon.com (AMZN).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001818160
Portfolio Value
$149.0M (Q1 2026)
SEC Filing
0001818160-26-000002 ↗ filed Apr 8, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $82.6M Q1 2024 Q2 2024: $58.4M Q2 2024 Q3 2024: $47.6M Q3 2024 Q4 2024: $58.6M Q4 2024 Q1 2025: $71.8M Q1 2025 Q2 2025: $88.3M Q2 2025 Q3 2025: $135.4M Q3 2025 Q4 2025: $163.9M Q4 2025 Q1 2026: $149.0M $149.0M Q1 2026 Q2 2026: $159.7M Q2 2026

Holdings 11 stocks · $149.0M
AMR Alpha Metallurgical Resource 38.57% 280,000 $57.5M No change
IBKR Interactive Brokers Gro Class A 22.50% 500,000 $33.5M No change
UBS UBS Group AG-Reg 16.45% 627,300 $24.5M Add +0.4%
CRESY Cresud S.A.-Spons ADR 9.39% 1,100,000 $14.0M Add +3.3%
NTRA Natera Inc. 6.71% 50,000 $10.0M No change
LOMA Loma Negra Cia Ind-Spon ADR 1.86% 250,000 $2.8M No change
GGAL Grupo Financiero Galicia-ADR 1.41% 45,000 $2.1M No change
IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A 1.30% 119,780 $1.9M No change
GPN Global Payments Inc. 0.90% 20,000 $1.3M No change
BNTX Biontech SE-ADR 0.60% 10,000 $889K No change
TSLA Tesla Inc. 0.30% 1,000 $450K No change

Portfolio Sells Q4 2025 → Q1 2026
AMZN Amazon.com Inc. Sold out 0.00% −4.77
YPF YPF S.A.-Sponsored ADR Sold out 0.00% −1.10
TGS Transportador Gas-ADR SP B Sold out 0.00% −0.47
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −0.46

Portfolio Buys Q4 2025 → Q1 2026
CRESY Cresud S.A.-Spons ADR Add +3.3% 9.39% +1.18
UBS UBS Group AG-Reg Add +0.4% 16.45% −1.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$159.7MAMR, IBKR, UBS, NTRA, CRESY
Q1 2026 11$149.0MAMR, IBKR, UBS, CRESY, NTRA
Q4 2025 15$163.9MAMR, IBKR, UBS, CRESY, NTRA
Q3 2025 12$135.4MB, IBKR, UBS, CRESY, LOMA
Q2 2025 13$88.3MB, UBS, AMZN, NEM, CRESY
Q1 2025 13$71.8MB, UBS, NEM, CRESY, YPF
Q4 2024 13$58.6MB, UBS, NEM, YPF, CRESY
Q3 2024 7$47.6MB, UBS, VAL, BABA, BNTX
Q2 2024 5$58.4MAMR, UBS, BNTX, YPF, SHEL
Q1 2024 4$82.6MAMR, SHEL, BNTX, YPF